Cheap Apartments for Rent in the Downtown Rochester Neighborhood of Rochester, MN from $500 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Rochester area of Rochester.

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855 1st St SW
Studio Apartments

855 1st St SW

855 1st St SWRochester, MN 55902
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Chester Estates
1 to 2 Bedroom Apartments

Chester Estates

1463-1537 6th Ave SERochester, MN 55904
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Zick Apartments
Studio to 1 Bedroom Apartments

Zick Apartments

603 1st St SWRochester, MN 55902
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2nd St Flats
1 Bedroom Apartments

2nd St Flats

221-229 19th Ave SWRochester, MN 55902
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Uptown Landing
1 Bedroom Apartments

Uptown Landing

621 1st St SWRochester, MN 55902
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Raymond Apartments
Studio to 1 Bedroom Apartments

Raymond Apartments

23 7th Ave SWRochester, MN 55902
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Furlow Apartments
Studio to 1 Bedroom Apartments

Furlow Apartments

512 4th St SWRochester, MN 55902
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The Riverview
1 to 2 Bedroom Apartments

The Riverview

211 1st St NERochester, MN 55906
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Uptown Terrace
1 to 2 Bedroom Apartments

Uptown Terrace

625 3rd StRochester, MN 55902
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The Lofts
1 Bedroom Apartments

The Lofts

609 1st St SWRochester, MN 55902
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Old City Hall
1 to 2 Bedroom Apartments

Old City Hall

224 1st Ave SWRochester, MN 55902
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Showing Results 1-42, Page 1 of 1

Downtown Rochester, Rochester, MN Local Guide

Cheapest Available Downtown Rochester Apartments for Rent

 

The cheapest available apartment rental in the Downtown Rochester area of Rochester, MN is a 1 Bed unit found at DM Communities - Rochester priced from $550. Hillside Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $860. Here are the most affordable Downtown Rochester apartments for rent in Rochester, MN:

Apartment ListingModel NameBed/BathPriced From
DM Communities - Rochester219 Apartments1BR,1BA$550
Hillside ApartmentsStudioStudio,1BA$860
The Colby1bd/1ba1BR,1BA$875
Chester Estates1BR/1.0BA1BR,1BA$895
Bryk on BroadwayStudio - Type 2 - 50%Studio,1BA$1,032
Civic Square ApartmentsOne Bedroom - 602 Sq.Ft.1BR,1BA$1,200

Best Value Apartments for Rent in Downtown Rochester, MN

As of March 30, 2025 the best value apartment in the Downtown Rochester area is the $1.07 price per square foot 2BR Model at Broadway Plaza - Mayo Clinic in the in the Meadow Park neighborhood starting from $1,700. The second greatest value Downtown Rochester apartment is the B5R Model at Quarry Ridge Apartments starting at $1,798 with a $1.61 price per square foot in the Historic Southwest neighborhood. Here is today’s list of the best values for Downtown Rochester apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
Quarry Ridge ApartmentsB5R2BR,2BA$1.61
15 12th Ave NW, Unit 315 12th Ave NW1BR,1BA$1.11
1245 3rd Ave SW, Unit 21245 3rd Ave SW2BR,1BA$1.16
318 Commons2BR/1.0BA2BR,1BA$1.94
1143 1st St NW, Unit 3051143 1st St NW1BR,1BA$1.08
DM Communities - RochesterUptown Court Apartment1BR,1BA$1.13
The Colby1bd/1ba1BR,1BA$1.46
812 1st St NW, Unit 3812 1st St NWStudio ,1BA$1.33
Chester Estates1BR/1.0BA1BR,1BA$1.88

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown Rochester, Rochester, MN

Ranked #10

Among neighborhoods in Rochester, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Downtown Rochester Neighborhood in Rochester, MN

Walk Score®

92 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

81 / 100

Very Bikeable

Biking is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Downtown Rochester Apartments

What is a cheap apartment in Downtown Rochester?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Rochester is under $1,200.

What is the price of a cheap apartment in Downtown Rochester?

The cheapest apartment in Downtown Rochester is DM Communities - Rochester which is listed at $550, while the average apartment in Downtown Rochester costs $2,048.

What types of apartments are the cheapest in Downtown Rochester?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 21 regular apartments in Downtown Rochester that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Rochester?

Cheap apartments in Downtown Rochester have an average cost of $697 which is $1,351 cheaper than the average rent for all rentals in Downtown Rochester.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.